Show HERE I t r. r v A rj o 1 A Ajr JAi J jr lr fa k IS i S 1 o I r 4 P r W T vJ t l 2 7 f J James J. J Phelan FINANCIER SEES CENT 15 75 SilVER Phelan Predicts White Metal Will Climb Through Medium Medium Me- Me of Rising Prices General rise in commodity prices will result in sliver sil selling at 75 cents per ounce cop r- r rat at 11 cents per pound and lead at 5 cents within a year ear regardless or of administration ac- ac J J. J nent Boston Mass financier pr predicted predict predict- dict ed during a visit here her Friday Inc b ec n- n cipal Improvement in In the mining sit sit- nation thus far but better things are arc coming he said Mr Ph lan a senior member o oH H Weeks New York se- se organization and a a. a director ot of the United States Smelting Refining lug ing and Mining company h has s traveled miles in the past two months nearly of which has been by automobile in western states Throughout the west and especially especial especial- al I ly in California where the Orient 1 trade i is important there i. i is a strong feeling that the administration should hould do something for silver Mr Phelan said There is h also a marked improve improve- mont in all types of business I feel this recovery began after we reached the depths in June 1932 but the development de de- perhaps would have been slower had it not been for the reemployment activities or of the tion I am convinced however that Unless un Un- less the proposed federal securities and stock exchange control bills are arc modified considerably much that has been gained will be lost because of the restrictions that will be placed I upon the raising of private capital Without this capital business cannot return to normal I Business men should examine these bills and forget Wall street thinking instead of their own business busi busi- ness and their obligations obligations' as employ employ- ers Hundreds o of thousands of oC white hite collar workers workers' may lose their jobs for Cor the effect of the proposed bills will be felt not only in financial institutions institutions in- in but in hotels retail bu businesses busi- busi i. i nesses and communicatIons systems There are more than se sel holders in this countr country and andl anything that touches them will reach rench persons Mr 11 Phelan gained considerable atS at at- I S Continued on Vase Pu Two FINANCIER SEES CENT 75 75 SilVER Phelan Predicts White Metal Will Climb Through Me Medium of Rising Prices I Continued ironi Pate Page On One when silver was selling at 26 c cents per ounce by advocating pur chase chOe of the white metal as M one of oC the so nd st in the countr country He visited the United Slates Smelt Smelt- lag Ing properties Thursday y had nd will leave for Chicago late Friday He Is accompanied by Mrs Phelan and daughter Mir MILe Priscilla Phelan |